Goodridge welcomes new Head of Performance and Motorsport UK
Goodridge Ltd, a global fluid transfer systems manufacturer supplying OEM, performance, motorsport and defence markets; is pleased to announce the appointment of Wayne Rodgers, as the new Head of Performance and Motorsport UK – Business Development.
Wayne brings over 20 years of experience within the Motorsport and Performance aftermarket sector, along with 10 years of race experience as a co-driver.
Former Managing Director of Marchesini Wheels (a subsidiary of the Brembo group), director of Brembo USA Performance aftermarket, Technical Sales Manager of Federal Mogul’s Ferodo brand and Motorsport Sales Manager for Silkolene; Wayne brings a wealth of experience to Goodridge.
With a proven track record of enhancing business growth, operational efficiency and profitability; Wayne has enjoyed international success in both Europe and the US motorsport and performance markets.
Reporting to Goodridge’s Global Head of Performance and Motorsport, Damiano Lo Giudice, Wayne will take up his position in Exeter, UK, the headquarters of the Goodridge Group, which includes eleven facilities spread across Europe, North America and Asia. Wayne will also work closely alongside Goodridge Group CEO, Charles Bolton.
On welcoming Wayne to Goodridge, Damiano Lo Giudice said:
‘We are very excited to have Wayne join our Performance and Motorsport business, we look forward to the ongoing success and growth of our UK market under his expertise’
On taking up new position, Wayne Rodgers commented:
‘I am thrilled and humbled to join a global brand leader and well respected partner to the UK performance and motorsport sector; I am looking forward to building on Goodridge’s historical success’
Goodridge, founded in 1969, celebrated its fiftieth anniversary last year, supplying fluid transfer systems across the globe.
Headquartered in the UK, Goodridge supplies OEM automotive, EV, performance, motorsport, marine and defence markets with market leading hose, fittings, fluid transfer assemblies and ancillary products.
Image: Wayne Rodgers – Head of Goodridge Performance and Motorsport UK (Left) & Damiano Lo Giudice – Global Head of Goodridge Performance and Motorsport (Right).
For a high resolution image or more information, please contact:
Tel: +44 7785 341 099
Founded in 1969, Goodridge has developed from a single seat race team in Canada, to be the world’s leading manufacturer of performance fluid transfer systems. It operates in the OEM, automotive, motorcycle, motorsport, defence and specialist industrial sectors. This dynamic private company now manufactures in twelve facilities globally and supplies customers around the world with a unique combination of design, innovation, reliability and outstanding service. Goodridge operates globally with manufacturing and distribution operations in the UK, USA, Mexico and Europe, employing more than 400 people worldwide.
Goodridge was founded by Stuart Goodridge in Totnes in 1969. Following his return from a successful racing career in Canada, Stuart began assembling and selling aerospace fluid transfer components to motorsport race teams. The company remained housed in a listed building on Collins Road, Totnes, until 1988 when the company purchased and developed a site on the Exeter Airport Business Park. In the same year, plants were opened in France, Germany, Spain, Holland, Mexico, and two in the USA.
The airport site was developed and repeatedly extended over 28 years, passing the company’s 40th anniversary. In 2012, Otter Court was acquired on Marsh Barton Trading Estate, to accommodate plans for vertical integration and focus on delivering cost improvements to the business and customers.
Since Goodridge’s acquisition by Rubicon Partners in 2013, uniting the company under one roof has been a high priority. With £3m of investment in the company since 2013, in July 2016 Goodridge’s UK operations merged at the Dart Building on Exeter Business Park, bringing 148 of the group’s then 370 staff together.
Goodridge acquired Gieffe Racing, an Italian motorsports distributor in 2018, followed by the acquisition of Kuhnle Engineering, a fluid transfer systems manufacturer based in Germany, in early 2019.
Goodridge celebrated its 50th anniversary last year.
Rubicon Partners is a hands-on investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Over the past 20 years Rubicon Partners have acquired 60 businesses across the manufacturing, distribution and service sectors, ranging in value from £15m to £250m. They create value by addressing operational and strategic issues.
Rubicon Partners’ focus is on complexity, both within individual companies as well as groups of businesses or portfolios. They have extensive experience in acquiring from private family ownership, management, corporates and private equity funds.
Rubicon Partners have the ability to add value to business over a longer time period than traditional private equity. Their structure is that of an industrial holding company backed by long-term private capital. Rubicon Partners’ experience and expertise enable them to work with management to grow companies to their full potential over the long term, establishing systems for rigorous financial and operational control and providing a framework for comprehensive and strategic planning and implementation.
Rubicon Partners operates across offices in London, Munich and Shanghai with a team of 15 professionals.28th January 2020